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Lana Medical Says SAR5.6 Million Healthcare Waste Disposal Contract in Saudi Arabia Canceled

MT Newswires·12/17/2025 12:26:08
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12:26 PM EST, 12/17/2025 (MT Newswires) -- Lana Medical (SASE:9587) said Wednesday the tender process for the hazardous healthcare waste disposal contract it won in October was canceled by the project owner due to a decision by the Grievance Committee. The medical supplies and environmental services company noted, however, that its work under the previous agreement is still ongoing. The Saudi Red Crescent Authority renewed Lana Medical's services for the disposal of hazardous waste from emergency centers across the kingdom. Contract signing for the project, which was valued at 5.6 million riyals when it was awarded Oct. 26, was subject to the Ministry of Finance's approval.